Wave Accounting

Accounting, invoicing, and payroll management platform

About Wave Accounting

Wave is a fully integrated solution designed for small businesses with 9 employees or less. With our total focus on small business owners, you’ll never have to navigate inflated or cluttered to find what you need, right now. With an easy to navigate interface and single login, it’s never been easier to find what you need, when you need it.
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Use the 100% free accounting tools in Wave to gain the insights you need, without the legwork. With our automatic bank connections, your information flows seamlessly into Wave, without the manual entry. And even though it’s easy to navigate and understand, it’s still a real, double-entry application. Collaborate with your accountant or bookkeeper in real-time, and save both of you time!
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Use Wave’s invoicing tools to collect your money faster. Choose the template that best reflects your business, load your own logo, and choose a color for your invoices. Email invoices right from Wave, and collect credit card payments through our payment processing. Use Wave’s invoicing tools to stay professional, get paid faster, and keep track of where your money is.
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Everyone loves getting paid, but no one likes running payroll. Now, use Wave’s Payroll tools in America and Canada to take the headaches out of running your payroll. With guaranteed accuracy, direct deposit and employee self-service all included, at $5 per employee per month or less it’s never been more affordable for your employees to get paid.
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Use Wave’s personal finance tools to gain better insights into where your money goes. With simple budgeting tools, real time investment tracking, and more, Wave’s personal tools are the best way to master your personal finances.

Pricing starting from:

Not provided by vendor

  • Free Version
  • Free Trial
  • Subscription

Top 5 alternatives to Wave Accounting

Key benefits of Wave Accounting

Wave is 100% focused on the real small business owners, with nine employees or less. That means you’ll never see cluttered, complicated software that you can’t navigate, never mind understand.



What you will see is all the tools you need to gain better insights into your personal and business finances, all with one login. Whether it’s invoicing, payroll, or personal investment tracking, the days of multiple logins are in the past. And with free accounting and invoicing tools and totally affordable payroll, getting organized has never been more affordable.



Get paid faster, gain insights into your businesses financial health, know where your money goes and pay your employees, all with Wave.

Typical Customers

  • Freelancers
  • Small Businesses (2-50)
  • Mid-size Companies (51-500)
  • Large enterprises (500 and more)

Deployment

  • Cloud-based
  • On-premise

Markets

Australia, Canada, China, Germany, United Kingdom , India, Japan, United States

Supported Languages

English

Pricing starting from:

Not provided by vendor

  • Free Version
  • Free Trial
  • Subscription

Top 5 alternatives to Wave Accounting

Images

Wave Accounting Software - Wave Dashboard
Wave Accounting Software - Wave Accounting
Wave Accounting Software - Wave Invoice Creation
Wave Accounting Software - Wave Invoice Schedule
Wave Accounting Software - Wave Invoice List
Wave Accounting Software - Wave Payments
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Wave Accounting video
Wave Accounting Software - Wave Dashboard
Wave Accounting Software - Wave Accounting
Wave Accounting Software - Wave Invoice Creation
Wave Accounting Software - Wave Invoice Schedule
Wave Accounting Software - Wave Invoice List
Wave Accounting Software - Wave Payments

Features

Total features of Wave Accounting: 73

  • ACH Payment Processing
  • Access Controls/Permissions
  • Account Reconciliation
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Activity Tracking
  • Alerts/Notifications
  • Automatic Billing
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • CPA Firms
  • Cash Flow Management
  • Cash Management
  • Collaboration Tools
  • Core Accounting
  • Credit Card Processing
  • Currency Conversion
  • Customer Statements
  • Customizable Branding
  • Customizable Templates
  • Data Import/Export
  • Electronic Payments
  • Email Reminders
  • Estimating
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • For Government
  • For Real Estate
  • For Religious Organizations
  • For Small Businesses
  • Fund Accounting
  • General Ledger
  • Income & Balance Sheet
  • Inventory Management
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Mobile App
  • Multi-Currency
  • Nonprofits
  • Online Invoicing
  • PCI Compliance
  • Partial Payments
  • Payroll Management
  • Profit/Loss Statement
  • Project Accounting
  • Purchase Order Management
  • Real Time Notifications
  • Real-time Updates
  • Receipt Management
  • Receivables Ledger
  • Recurring Invoicing
  • Recurring/Subscription Billing
  • Reminders
  • Remote Access/Control
  • Reporting & Statistics
  • Revenue Recognition
  • SSL Security
  • Sales Tax Management
  • Spend Management
  • Status Tracking
  • Tax Management
  • Third Party Integrations
  • Time & Expense Tracking
  • Transaction History

Alternatives

Zoho Books

4.4
#1 Alternative to Wave Accounting
Zoho Books is an online accounting software designed to streamline back office operations, automate workflows, and...

Stripe

4.7
#2 Alternative to Wave Accounting
Stripe is an online payment processing tool for internet businesses. Stripe handles everything, including storing...

Invoicely

4.7
#3 Alternative to Wave Accounting
invoiceky enables freelancers and small businesses to create, send and manage an unlimited number of simple and...

Square Payments

4.7
#4 Alternative to Wave Accounting
Square Payments is an online payment processing solution which integrates with Square hardware & POS software to allow...

Reviews

Overall rating

4.4 /5
(1,323)
Value for Money
4.7/5
Features
4.2/5
Ease of Use
4.5/5
Customer Support
4.1/5

Already have Wave Accounting?

Software buyers need your help! Product reviews help the rest of us make great decisions.

Showing 5 reviews of 1,323
Jonathan
Overall rating
  • Industry: Computer Software
  • Company size: 11-50 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

The brilliance of Wave Accounting

Reviewed on 31/10/2022

I can invoice my clients from my phone, I get notified when the invoices are opened as well.

I can invoice my clients from my phone, I get notified when the invoices are opened as well.

Pros

It is very simple and easy to use. Our financial team required no extra training.

Cons

It sometimes slows down and also there is no desktop application that i am aware of.

Alternatives Considered

Quickbooks Online and Zoho Invoice

Reasons for Choosing Wave Accounting

Zoho was abit highly priced

Switched From

Zoho SalesInbox

Reasons for Switching to Wave Accounting

Wave were the cheapest and easiest to use.
Verified Reviewer
Overall rating
  • Industry: Financial Services
  • Company size: 2-10 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Easy to use for small business invoicing and accounting

Reviewed on 02/11/2022

It makes invoicing and keeping proper record easy for me

It makes invoicing and keeping proper record easy for me

Pros

The ease of use to deliver accurate report and affordability.

Cons

You need a little bit of time to understand the interface

Dwight
Overall rating
  • Industry: Higher Education
  • Company size: 1,001-5,000 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 6.0 /10

It's ok

Reviewed on 04/11/2022

Pros

It's very easy to use, user friendly and accessible.

Cons

Functionality is limited hence most accounting functions cannot be performed using this software.

Barbara
Overall rating
  • Industry: Accounting
  • Company size: 2-10 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

We no longer accept Quickbooks clients after finding WAVE Accounting!

Reviewed on 09/10/2022

No matter what complaints we have, we 100% now use Wave Accounting. We no longer accept Quickbooks...

No matter what complaints we have, we 100% now use Wave Accounting. We no longer accept Quickbooks clients and encourage any nw client consultations to switch over. For every new start-up business we assist, we automatically set up a wave accounting software for them and help them sync their busienss bank accounts. We also assist former Quickbooks users to switch over and set everything up for them.

Pros

This software is 100% FREE to use! No gimmicks, no catches. I was skeptical when one of my clients told me he used this. I did NOT want to lean yet another accounting software, but once I logged in and found out how easy and streamlined this software was to use, I was 100% sold on it! The ONLY fees they charge are IF you decide to use their payroll (I highly advise AGAINST using their payroll, it needs an overhaul), or IF you use them for payment processing of invoices you send to clients. The fees for using their payment processing are similar to those of Square and Stripe and a small price to pay for the amazing software. I would encourage you to use their payment processing so this service can remain on the free billing platform with no monthly charges!

Cons

1) Reporting abilities are lackluster! No way to print "no receipts attached" reports for clients. 2) Sometimes has glitches. We will work in this software, then log in later and all of the work we did has disappeared. Major panic attacks more than once! Still having problems with one account in particular. If I log in on an incognito window, the work is there again (sometimes). 3) Payroll systems SUCKS. I do not recommend! Square payroll is our go-to! 4) Chart of accounts is OUTDATED and does NOT match Schedule C nor S-Corporation tax return expense line items. We should be able to customize a chart of accounts the way we want it and be able to copy/paste it into other client accounts 5) Accountant login is great except the list is not always alphatized correctly. We should be able to alphabetize and/or sort by PRIORITY account 6) Need an easier/quicker way to upload receipts

Alternatives Considered

FreshBooks

Reasons for Choosing Wave Accounting

The EASE of use, the FREE software vs. the monthly expese of Quickbooks, How QUICK it is to reconcile monthly.

Reasons for Switching to Wave Accounting

Free software; easy to use; quick to learn; ease to reconcile; accountant login
Arthur
Overall rating
  • Industry: Transportation/Trucking/Railroad
  • Company size: 51-200 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Wave Accounting Review

Reviewed on 15/08/2022

An overall exceptional experience using Wave for my accounting needs. The only drawback is the...

An overall exceptional experience using Wave for my accounting needs. The only drawback is the automated banking transaction allocation as well as payroll management are not available in my country.

Pros

The basic version of the software is free and includes many features not found in paid versions. You don't need to purchase expensive add-ons to make it work for accounting, bookkeeping, or invoicing. Wave offers additional services that will help you improve your skills within the program.

Wave automatically syncs your accounting and invoicing, making it a great choice for small businesses that want to consolidate and automate their bookkeeping and billing. Wave's invoicing capabilities are unlimited and completely free. Wave's invoicing features are also customizable and easy to use.

Wave allows you to create customer profiles and send follow-up emails. You can also receive reminders and receipts for payment. Wave also offers a mobile app that lets you track and send invoices.

Wave accounting has an intuitive interface that is simple to use. Wave accounting is different from other accounting software. Wave accounting is easy to use and requires no prior knowledge. It is easy to use, and you can learn quickly as you go.

Cons

Wave's accounting software can be used for free. It's a great choice if you have a small business or don't need more advanced features. Wave's functionality is limited for businesses looking to grow. Wave does not provide multiple plans to increase its functionality, which limits its scalability.

It offers limited customer service. Wave Accounting offers only self-service customer support. Wave Accounting offers only one-on-one support to Accounting customers through Wave's paid Accounting Coach option.

Showing 5 reviews of 1,323 Read all reviews

Wave Accounting FAQs

Below are some frequently asked questions for Wave Accounting.

Wave Accounting offers the following pricing plans:

  • Starting from:
  • Pricing model: Free Version, Subscription
  • Free Trial: Available

Accounting & Invoicing - Free Receipt Management - Free Credit card processing - $0.30 + 2.9% per transaction Bank payment/ACH processing - 1% per transaction ($1 minimum fee) Payroll (tax service states): $35/month base fee + $4/active employee + $4/independent contractor paid Payroll (self service states): $20/month base fee + $4/active employee + $4/independent contractor paid

Wave Accounting has the following typical customers:

Self Employed, 2-10, 11-50, 51-200

Wave Accounting supports the following languages:

English

Wave Accounting supports the following devices:

Android (Mobile), iPhone (Mobile)

Wave Accounting integrates with the following applications:

Gmail, Microsoft Outlook, PayPal, Shoeboxed, Zapier

Wave Accounting offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base, Chat

Related categories

See all software categories found for Wave Accounting.